Question
Assume the following information for a bank quoting on spot exchange rates: Exchange rate of Singapore dollar in U.S. $ $0.63 Exchange rate of pound
Assume the following information for a bank quoting on spot exchange rates:
| Exchange rate of Singapore dollar in U.S. $ | $0.63 |
| Exchange rate of pound in U.S. $ | $1.54 |
| Exchange rate of pound in Singapore dollars | S$2.84 |
What is the dollar profit from triangular arbitrage to a U.S. investor with $100,000 to invest? (Round answer to 2 decimal places. Do not round intermediate calculations).
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Mastering Attribution In Finance
Authors: Andrew Colin
1st Edition
1292114029, 978-1292114026
